(Reuters) – Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted due to attacks by Iran-aligned Houthi militants, a Reuters analysis of vessel tracking data showed. The attacks have driven up shipping costs sharply along with insurance premiums, but have had less impact than …
Oil Tankers Continue Red Sea Movements Despite Houthi Attacks Read More »
Summary Hapag-Lloyd to continue avoiding Red Sea/Suez Canal 300,000 bpd of supply still offline in Libya American Petroleum Institute weekly data due at 2130 GMT (Reuters) – Oil prices rose by more than $1 on Tuesday after sliding in the previous session as markets weighed Middle East tensions against demand worries and rising OPEC supply. …
Oil Rises Over a $1 as Middle East Crisis, Inflation Fight in Focus Read More »
HOUSTON, Jan. 08, 2024 (GLOBE NEWSWIRE) — Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today announced their quarterly distributions with respect to the fourth quarter of 2023 and also announced timing of fourth quarter 2023 earnings. Fourth Quarter Distribution Declaration PAA and PAGP announced the following quarterly cash distributions, each …
U.S. natural gas futures dropped about 4% on Monday because the country has ample amounts of gas in storage and the coldest weather expected over the next week will likely hit over the long U.S. Martin Luther King holiday weekend when many businesses and government offices are shut. Analysts said there was currently about 12.2% …
U.S. Natgas Prices Drop 4% With Oil Futures, Ample Inventories Read More »
The U.S. Supreme Court on Monday declined to hear a bid by major fossil fuel companies and an industry trade group to move a lawsuit filed by Minnesota accusing them of worsening climate change out of state court and into federal court, the energy industry’s favored venue. Exxon Mobil Corp, Koch Industries and the American …
By Geoffrey Cann Every year at this time I put forth my outlook for the coming year, with a focus on the digital trends that I believe will have the greatest impact on the fortunes of the industry. These are not so much as predictions, as they are speculations on the trends that I see marching along, and how …
My Digital Oil and Gas Outlook for 2024 – Geoffrey Cann Read More »
British Columbia project adds to Shell’s LNG Canada position First binding deal for project targets Asia energy markets By Ruth Liao Shell Plc. signed a long-term deal to buy liquefied natural gas from a Canadian floating export facility to serve energy markets in Asia. The deal, which calls for 2 million metric tons a year of LNG …
Shell Signs 20-year Supply Deal With Canadian LNG Upstart Read More »
January 8, 2024 Globe Newswire The following is an update to the fourth quarter 2023 outlook and gives an overview of our current expectations for the fourth quarter. Outlooks presented may vary from the actual fourth quarter 2023 results and are subject to finalisation of those results, which are scheduled to be published on February 1, …
(Reuters Breakingviews) – Wael Sawan is sitting on the sidelines. The chief executive of $214 billion European oil major Shell has watched Exxon Mobil and Chevron undertake chunky deals in the Permian, one of the world’s most profitable and fast-growing oilfields. In 2024 he could let his U.S. rivals get bigger, or he could amp up his pivot away from renewable energy and …
COMMENTARY: Shell Will be Tempted to Join U.S. M&A Party Read More »
Reuters) – South Korea’s Qcells on Monday said it will supply Microsoft (MSFT.O) with 12 gigawatts of American-made solar panels through 2032 in what the companies called one of the largest ever deals of its kind. The agreement locks in substantial and stable demand for panels Qcells will make at its new $2.5 billion Georgia factory. For Microsoft, …
Microsoft, Qcells Strike Massive Supply Deal for US-Made Solar Panels Read More »
